Allegion plc Stock Forecast
Green day on Friday for Allegion plc stock after gaining 0.507%
(Updated on May 03, 2024)
The Allegion plc stock price gained 0.507% on the last trading day (Friday, 3rd May 2024), rising from $122.26 to $122.88. During the last trading day the stock fluctuated 2.22% from a day low at $122.61 to a day high of $125.33. The price has been going up and down for this period, and there has been a -1.86% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 167 thousand more shares were traded than the day before. In total, 587 thousand shares were bought and sold for approximately $72.13 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $120.89 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.73% during the next 3 months and, with a 90% probability hold a price between $116.39 and $127.85 at the end of this 3-month period.
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ALLE Signals & Forecast
There are mixed signals in the stock today. The Allegion plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $123.04 and $129.02. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 1.50%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Allegion plc stock
Allegion plc finds support from accumulated volume at $122.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.72 between high and low, or 2.22%. For the last week, the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALLE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Allegion plc to open at $123.61, and during the day (based on 14 day Average True Range), to move between $120.26 and $125.50, which gives a possible trading interval of +/-$2.62 (+/-2.14%) up or down from last closing price. If Allegion plc takes out the full calculated possible swing range there will be an estimated 4.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $122.26 (0.50%) than the resistance at $126.80 (3.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Allegion plc stock A Buy?
Allegion plc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.185 Sell Candidate Unchanged
Predicted Opening Price for Allegion plc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $123.61 ( 0.591%) | $122.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALLE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 126.33 | 2.80 % | |
| R2 | 125.29 | 1.96 % | ||
| R1 | 124.65 | 1.44 % | ||
| Current price: | 122.88 | |||
| Support | S1 | 122.57 | -0.254 % | |
| S2 | 121.93 | -0.777 % | ||
| S3 | 120.89 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 132.06 | 7.47 % | |
| R2 | 129.66 | 5.52 % | ||
| R1 | 126.80 | 3.19 % | ||
| Current price | 122.88 | |||
| Support | S1 | 122.26 | -0.505% | |
| S2 | 121.56 | -1.07% | ||
| S3 | 121.06 | -1.48% |
ALLE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.480 | 0.391% |
| 2 | Apr 11, 2024 | Jun 13, 2024 | Jun 28, 2024 | $0.480 | 0.391% |
| 3 | Feb 07, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.480 | 0.356% |
| 4 | Dec 07, 2023 | Dec 15, 2023 | Dec 29, 2023 | $0.450 | 0.355% |
| 5 | Sep 07, 2023 | Sep 18, 2023 | Sep 29, 2023 | $0.450 | 0.432% |
FAQ
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